Global & Egypt High Density Fiberboard Market Analysis

Deliverable Overview

The deliverable comprises market demand, supply, and price trend information on global and Egypt high density fiberboard. The estimates and forecasts shall be provided in terms of volume (Thousand Cubic Meters) for the year range 2023 to 2034.

Global & Egypt High Density Fiberboard Market Analysis

The demand for global high density fiberboard market was estimated at 65.2 million cubic meters in 2023 and is estimated to grow at a CAGR of 5.2% over the forecast period. High density fiberboard is widely used in various industries such as construction, furniture, flooring, and fencing on account of its durability and mechanical strength. The growth of following industry across the globe owing to rising per capital income of population is resulting in increased demand for high density fiberboard.

The rising trend of sustainable building products around the globe is further increasing the demand for high density fiberboard. Moreover, fire rated, and moisture resistant high density fiberboard are gaining popularity on account of rising building safety regulations across the countries.

High density fiberboard is also becoming increasingly popular in new applications such as automotive interiors, packaging, and musical instruments. Additionally, the technological advancement to produce high density fiberboard from rice straw is further expected to offer growth opportunities to the market. Therefore, these emerging trends are expected to boost the growth of the global & Egypt high density fiberboard market over the coming years.

The high density fiberboard market in Egypt is also witnessing significant growth on account of growing construction sector. The construction industry in Egypt is witnessing growth owing to increasing public private partnerships, need for developed infrastructure, and the rising trend of green building. Additionally, increasing population coupled with rising per capita income of people owing to growing economy has resulted in rising demand for residential units.

However, the market is expected to witness demand-supply gap in Egypt owing to low production as compared to significantly increasing demand. Additionally, the production of high density fiberboard results in high carbon emission owing to the energy required for processing wood. Therefore, the rising environmental concern is expected to further hamper the production. The low production of the product in the country results in dependence on imports for the fulfillment of majority of the demand, this in turn results in fluctuating prices of the product.

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